New Jersey Sports Betting Market Breaking Insane Records

• New Jersey is the first state to break $1 billion in sports betting revenue.
• All of the top 10 monthly sports betting handles belong to New Jersey.
• It is the third highest grossing sports betting market in the world.

LAS VEGAS – New Jersey is the highest volume sports betting state in the country, boasting the biggest betting handle, and most revenue of any other state. The rate at which New Jersey is outperforming other states may be more than most people realize.

Breaking Records

With the current sports betting handle and revenue numbers reported, New Jersey is the only state to break $1 billion in sports betting revenue, making it the first to do so.

New Jersey also holds all 10 of the highest monthly sports betting handles.

Most Money Bet By Month – All States

1. December 2020: $996.3 million
2. January 2021: $958 million
3. November 2020: $931 million
4. March 2021: $859 million
5. May 2021: $814 million
6. October 2020: $803 million
7. June 2021: $767 million
8. September 2020: $749 million
9. April 2021: $748 million
10. February 2021: $743 million

Most impressively, New Jersey is only behind the UK and Germany as the highest-grossing legal sports betting markets in the world.

Is New Jersey’s Reign At An End?

Estimations suggest that roughly 20-25% of New Jersey’s sports wager handles are from New York residents crossing the border to bet.

Since New York is on track to have state-wide sports betting by 2022, New Jersey may see a substantial decrease to its monthly handle.

New Jersey is currently on top of the legal sports betting market, but as more surrounding states launch their own mobile sportsbooks, New Jersey may give up this ground.

News tags: Germany | New Jersey | New York | United Kingdom